Schiff is one bright dude (he predicted the real estate crash), and he doesn't paint a rosy picture of our economic future - unless the government drastically changes course from it's borrow/spending binge in the near future.

Yes, these other items (vacancy, maint/repairs, capital reserve, evictions, etc.) are assumptions, but they are nonetheless highly predictable over time.

This is an incredibly complex question that requires you to predict the future accurately.

(the lender will have to pay for it in advance).Sometimes there is language in the note and security instrument that allows a lender to not only collect on any and all advances (such as taxes, insurance and legal fees) but also charge interest.

I thought the challenge would be to predict the resale value, but it seems that repair costs are the biggest question mark for me.Would any of you seasoned pros be wiilling give me some average PPSF numbers for rehab projects.

Companies, especially issuers of debt instruments (bonds), in some cases may include a 'call provision' in the contract with the investor which allows the company issuing the debt instrument to call the debt (pay off the investors) prior to the stated maturity of the debt.

Share your markets status or predictions.

It's hard to predict when the next bubble to appear so get out before you get slaughtered (as Jim Cramer would say) and have no returns to show for it.

It's good to know if ever it's needed.No, I certainly agree with you that it's impossible to predict future problems with tenants.

Whoever buys it will be free to modify the structure and not maintain it before you eventually have to foreclose - not my experience, just my prediction.